# IREN: options-positioning snapshot

Canonical: https://halfonadouble.com/stock/IREN
Data through: 2026-10-02 close
Publisher: Half on a Double

| Published field | Value |
| --- | --- |
| Close (USD/share) | 41.76 |
| Delta neutral (USD/share) | 38.02 |
| Gamma neutral (USD/share) | 38.92 |
| Gamma max (USD/share) | 52.28 |
| Open interest (contracts) | 2,624,930 |
| Nearest-expiration max pain (USD/share) | 42.50 (2026-10-09) |
| All-expiration max pain (USD/share) | 40.00 |
| Net gamma exposure | 18,437,939 |
| Confirmed GEX flip (USD/share) | 38.92 |
| Call wall (USD/share) | 50.00 |
| Put wall (USD/share) | 40.00 |
| Put/call open-interest ratio | 0.78 |
| Options catalyst-intensity score (0–100) | 37.2 |
| Options directional score (-100 to +100) | -4.7 |
| IV rank | 20.6 |
| Front ATM IV | +70.7% |
| Front-minus-back IV | -10.4 pp |
| Front expected move | +9.8% |
| Front ATM straddle / spot | +7.3% |
| Front 25-delta risk reversal | -0.9 pp |
| Call OI change, 1 session | -68,456 contracts · -4.4% |
| Put OI change, 1 session | -88,659 contracts · -7.1% |
| Call minus put OI growth, 1 session | +2.7 pp |
| Call OI change, 5 sessions | +33,455 contracts · +2.3% |
| Put OI change, 5 sessions | +24,120 contracts · +2.1% |
| Call minus put OI growth, 5 sessions | +0.2 pp |
| Daily call OI change surprise | -0.87σ (252 prior changes) |
| Daily put OI change surprise | -1.13σ (252 prior changes) |
| Daily call-minus-put growth surprise | +0.79σ (252 prior changes) |
| Daily open interest change (contracts) | -157,115 |
| Daily open interest change z-score (prior 252) | -1.03σ (252 prior changes) |
| Gamma max distance from close | +25.2% |
| Delta neutral distance from close | -9.0% |
| Prior-year sessions closer to gamma max | 68.3% of 252 |
| Prior-year sessions closer to delta neutral | 32.1% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 15 | -1.9% | -5.2% to +1.2% | 40% | -5.7% to +1.4% | 0.0% |
| above | Day +3 | 15 | -4.5% | -9.0% to -0.5% | 27% | -9.6% to +0.7% | 0.0% |
| above | Day +5 | 15 | -3.5% | -8.4% to +7.3% | 40% | -9.5% to +11.0% | 0.0% |
| above | Day +10 | 15 | +5.1% | -9.9% to +23.7% | 53% | -13.6% to +23.8% | 0.0% |
| below | Day +1 | 26 | -0.6% | -2.8% to +2.8% | 46% | -2.1% to +2.0% | 0.0% |
| below | Day +3 | 26 | -0.8% | -7.1% to +5.5% | 42% | -5.7% to +4.0% | 0.0% |
| below | Day +5 | 26 | +0.0% | -4.2% to +13.8% | 50% | -3.4% to +11.4% | 0.0% |
| below | Day +10 | 26 | +0.1% | -9.9% to +18.1% | 50% | -4.6% to +13.7% | 0.0% |

Returns are close-to-close after the labelled number of subsequent trading sessions. Cohorts require gamma max to be within 10% of the close on both crossing sessions. Historical windows can overlap and are not independent observations, so interval coverage is not guaranteed.

- [Machine-readable snapshot](https://halfonadouble.com/api/v1/tickers/IREN.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/IREN.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/IREN.json?date=2026-10-02)

An em dash means unavailable, not zero. Values use the same display rounding as the HTML page. This is a current snapshot; full history and individual event paths are on the canonical page.

[Definitions and limitations](https://halfonadouble.com/methodology.md).